Repay Holdings Co. (NASDAQ:RPAY) Given Average Recommendation of "Moderate Buy" by Analysts

Repay Holdings Co. (NASDAQ:RPAY - Get Free Report) has been given a consensus rating of "Moderate Buy" by the six ratings firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $12.83.

Separately, Canaccord Genuity Group reaffirmed a "buy" rating and set a $13.00 price target on shares of Repay in a research note on Wednesday, November 13th.

Repay Price Performance

Shares of RPAY traded up $0.01 during mid-day trading on Friday, reaching $8.16. The company had a trading volume of 434,662 shares, compared to its average volume of 680,049. The firm has a fifty day simple moving average of $8.04 and a 200-day simple moving average of $8.78. Repay has a fifty-two week low of $7.04 and a fifty-two week high of $11.27. The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 0.64.

Repay (NASDAQ:RPAY - Get Free Report) last issued its earnings results on Tuesday, November 12th. The company reported $0.23 EPS for the quarter, meeting analysts' consensus estimates of $0.23. Repay had a negative net margin of 25.53% and a positive return on equity of 8.73%. The business had revenue of $79.15 million for the quarter, compared to the consensus estimate of $78.97 million. During the same quarter last year, the firm posted $0.16 EPS. The business's revenue for the quarter was up 6.5% compared to the same quarter last year. Equities analysts expect that Repay will post 0.72 earnings per share for the current year.

Insider Activity

In other Repay news, CFO Timothy John Murphy sold 57,000 shares of the business's stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $8.25, for a total transaction of $470,250.00. Following the completion of the transaction, the chief financial officer now directly owns 450,879 shares of the company's stock, valued at $3,719,751.75. The trade was a 11.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 11.00% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of RPAY. Blue Trust Inc. boosted its stake in Repay by 340.0% during the 3rd quarter. Blue Trust Inc. now owns 3,586 shares of the company's stock valued at $29,000 after purchasing an additional 2,771 shares during the period. nVerses Capital LLC acquired a new position in Repay during the 3rd quarter valued at about $59,000. Point72 DIFC Ltd acquired a new position in Repay during the 3rd quarter valued at about $99,000. Entropy Technologies LP acquired a new position in Repay during the 3rd quarter valued at about $109,000. Finally, Creative Planning acquired a new stake in shares of Repay in the 3rd quarter worth approximately $115,000. 82.73% of the stock is owned by institutional investors and hedge funds.

About Repay

Repay Holdings Corporation, payments technology company, provides integrated payment processing solutions to industry-oriented markets in the United States. It operates through two segments: Consumer Payments and Business Payments. The company's payment processing solutions enable consumers and businesses to make payments using electronic payment methods.